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MFS Municipal Income Trust (MFM) - Buy, Sell or Hold?

Sector: Funds/Trusts
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneHammerFri, 10 Nov 20170.44%
***Stock database and scans are updated around midnight (New York time) every trading day.
6.90 0.00 (0%) Nov 17 4:00pm EST
Open: 6.93 Range: 6.89 - 6.94 Vol: 70.79K Avg Vol: 54.94K
EPS: 0.56 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "MFM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 6.90
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 6.95
Last Trade is below the 50 day moving average at 7.09
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 7.10
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MFM

Stock Trend Analysis - Buy, Sell or Hold "MFS Municipal Income Trust" (MFM)?

MFM is in a long term downtrend and it has traded about 50% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 54.9K shares changing hands. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is very weak as MFM has been trading below its 20 SMA for 92.5% of the time in the last 8 weeks. MFM may be overdue for a small relief rally but it has to be noted that as MFM is still in a downtrend characterized by the 200 SMA, currently at 7.10, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MFM".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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